JD.com beats quarterly revenue estimates as heavy discounts buoy demand
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JD.com, Inc (JD) PT Raised to $39 at HSBC, 'Increased visibility in growth outlook'
March 7, 2024 6:56 AM ESTHSBC analyst Charlene Liu raised the price target on JD.com, Inc (NASDAQ: JD) to $39.00 (from $38.00) while maintaining a Buy rating.
The analyst comments "Increased visibility in growth outlook: 4Q23 product sales came in better than expected, hence we become more confident that JD can meet our expectations to deliver high single... More
JD.com, Inc (JD) PT Raised to $28 at JPMorgan
March 7, 2024 5:37 AM ESTJPMorgan analyst Andre Chang raised the price target on JD.com, Inc (NASDAQ: JD) to $28.00 (from $25.00) while maintaining a Neutral rating.
The analyst comments "We believe JDs solid 4Q23 result and 2024 guidance suggest two incremental positives: 1) that the downside risk to 2024... More
JD.com, Inc (JD) PT Raised to $33 at Mizuho
March 6, 2024 4:36 PM ESTMizuho analyst James Lee raised the price target on JD.com, Inc (NASDAQ: JD) to $33.00 (from $32.00) while maintaining a Buy rating.
The analyst comments "The quarter illustrated the first positive progress of price matching and expanded selections to low-priced, white label... More
JD.com (JD) stock gains premarket on earnings, revenue beat
March 6, 2024 7:24 AM ESTJD.com (NASDAQ: JD), a leading Chinese e-commerce company, reported a significant beat on its fourth-quarter earnings and revenue, surpassing analyst expectations. The company announced adjusted earnings per share (EPS) of RMB5.30, which was RMB0.79 higher than the analyst estimate of RMB4.51. Revenue for the quarter was RMB306.1 billion, also topping the consensus estimate of RMB299.7 billion. This represents a 3.6% increase from the fourth quarter of 2022, indicating a steady growth trajectory for the company.
The earnings report was accompanied... More
